Cramer has a agenda of killing VRX. He must be shorting VRX hard.
agreed. If they can prove viable and will be able to service their debts as oil recovers, CJES stock could worth a lot higher than right now.
401K won't allow you buy individual stock, at least mine does not. If u have IRA, then yes, invest all ur money in VRX and retire early.
Above $1, then no more delisting and with some financial help, this stock might survive and thrive forward as oil continue to go higher. Let's hope so.
Line which already filed BK and stock is up big today, so I expect CJES should be up a lot more than LINE. Load up 30K shares @ 0.31
Now, I am getting scare holding VRX. With so much debt, is there any chance of VRX going CH11 restructuring if stock continue to get hammered down?
totally agreed. Time to get rid of all the old folks in Senate and Congress and vote for new folks with new blood. This country needs government overhaul to get it back on track again. Trump 100% all the way!!!
Chesapeake said in February that it tapped legal counsel Kirkland & Ellis for advice as it seeks to strengthen its balance sheet to manage debt maturing in the next 18 to 24 months. It said it had no plans for bankruptcy as some in the market have speculated.
"We continue to look at all of our options, including the use of additional secured debt, private transactions with bondholders and other types of exchange offers and open market purchases," said CFO Nick Dell'Osso.
I am facked now. Wife and kids are kicking out of the house when I told them I loss all money in SUNE. I am now facking broke and homeless, at least, I still have a job. I was strongly believe in SUNE and now they pulled this facking BK bullsheet and has turned my life upside down and made me a facking fool for believing in them. No more stock from now on....It is over for me. The market is rigged and crooked.